RIVERDALE, MD – Lincoln Avenue Communities, a mission-driven developer and owner of affordable housing, and Headen Spring Development, LLC, a partnership between Refreshing Spring Church of God in Christ and its non-profit affiliate, Sowing Empowerment & Economic Development, Inc. (SEED), announced their collaboration to develop Headen Spring, a multi-generational, mixed-income community to be built on a 10-acre site adjacent to the Riverdale Park Purple Line Station.
“Following a comprehensive selection process, we are delighted to partner with LAC to bring our vision to a much-needed reality for many families in our community,” said Refreshing Spring Senior Pastor Bishop James E. Jordan, Jr. “Headen Spring will include features that incorporate design and programmatic elements that support the mental, social and physical health of the residents and the surrounding community, and LAC is the right partner to guide us through this important process.”
Lincoln Avenue Communities is a leading acquirer and developer of affordable housing, with a nationwide portfolio of 155 properties across 26 states. As a mission-driven company, LAC works to expand access to affordable homes and strengthen communities, providing valuable services for residents and enhancing the quality and long-term resiliency of the properties they call home.
“We’re thrilled to partner with SEED and Refreshing Spring Church on this transformative new development, which will offer amenity-rich, affordable, transit-oriented housing in Riverdale,” said Stacy Kaplowitz, LAC Vice President and Managing Regional Partner. “LAC is committed to expanding access to affordable housing and resident services for families, seniors and individuals across the country in partnership with impact-driven organizations like Headen Spring Development.”
The conceptual master plan seeks to create a dynamic, urban environment for residents with amenities that support active living and promote a healthy lifestyle. The plan includes a mix of multifamily housing, a community building with amenities focused on the health, education and the empowerment needs of families within the community; and green space and walkable trails to continue the pedestrian experience from the light-rail station.
“Partnerships between mission-driven developers and our non-profit communities are essential to increasing high quality, affordable housing options for County residents,” said Angie Rodgers, Deputy Chief Administrative Officer for Economic Development for Prince George’s County. “This project aligns with our key economic development goals for growing jobs and the commercial tax base, anchored by infrastructure that serves a range of household incomes, especially around transit-oriented development opportunities.”
Refreshing Spring Church has been a staple of the Riverdale community since 1976. The Church’s ministry focuses on the whole needs of individuals and families, which led to the creation of Headen Spring Development LLC with SEED as the managing partner. SEED’s mission has been to provide basic needs for families with the goal of transitioning them from dependency to self-sufficiency. This mission is fulfilled through a variety of community development programs designed to improve the lives of those in need.
“We are excited to move forward and engage in this level of community development with an industry leader like LAC,” said SEED President & CEO Lisa Butler McDougal. “Headen Spring will set the standard for transit-oriented development along this important corridor in Prince George’s County and throughout the region.”
For 20 years, SEED has been servicing the local community. SEED provides food, clothing, education and training while promoting self-sufficiency and empowerment directly to low- to moderate-income families and communities. In addition to operating as a HUD approved housing counseling agency, SEED operates a K-8 charter school, afterschool and summer enrichment programs, and an emergency food distribution center.

SUMMERVILLE, SC – Quarterra Multifamily, a subsidiary of Lennar Corporation and a multifamily apartment developer, property manager, and asset manager, announced the start of construction at Emblem Summerville, an attainably priced community located in the historic city of Summerville, South Carolina, 25 miles northwest of Charleston.
Emblem Summerville is a 288-home garden style community with spacious modern homes, an extensive amenities package and easy access to regional employers, schools, outdoor recreation, retail and dining. Emblem Summerville is Quarterra’s second Emblem community in South Carolina, joining Emblem Cane Bay North, also in Summerville. Nationwide, Quarterra has delivere 8 Emblem communities to date, with more than 20 currently in the pipeline.
“Emblem Summerville is designed based on a tested and proven development blueprint for high-quality yet attainable housing,” said Doug Bober, Senior Managing Director – Product and Operations with Quarterra. “Emblem Communities were designed to deliver a top-notch product to meet the housing needs of the often overlooked middle-income renter. Emblem Summerville is a decisive next step in addressing that need in the Summerville / Charleston market, and a continuation of Quarterra’s nationwide effort to create a healthier housing market.”
Quarterra created the Emblem program to help address the national shortage in supply of attainable housing for middle-income renters. Tapping into parent-company Lennar’s proven scalable construction capabilities, Emblem property development deploys a programmatic approach that utilizes consistent high-end interior finishes from one Emblem community to the next. Amenity designs and property features such as social rooms and fitness centers also follow a consistent prototype. The focus on consistency allows Emblem developments to reach the market within an expedited time frame.
Situated at 44000 Owl Wood Lane, Emblem Summerville will put residents within easy access of local retail centers including The Market at Cane Bay (anchored by Publix), North Creek Marketplace at Nexton and The Shoppes at Nexton. Residents will also be in close proximity to coffee and dining spots such as Starbucks, Famuliari’s Pizzeria, Rio Chico Mexican, Eggs Up Grill, Agaves Cantina, Buffalo Wild Wings, The Rustic Muffin, Taco Boy and Halls Chophouse. An active lifestyle is accommodated by the nearby walking and biking trails of Cane Bay Plantation and Cane Bay Family YMCA.
Emblem Summerville’s location just off U.S. Route 176 provides seamless connectivity to U.S. Route 17 and 52, as well as Interstate 26, for easy commutes to Goose Creek, Summerville, Ridgeville and North Charleston. Major regional employers include Boeing, Volvo, WalMart, Mercedes Benz/Daimler, Bosch and Joint Base Charleston.
Homes will include one-, two- and three-bedroom options, ranging from 738 to 1,434 square feet. Well-appointed interiors will be highlighted by pendant lighting over kitchen islands, stainless steel Whirlpool appliances, quartz countertops with tile backsplashes and luxury vinyl plank flooring throughout. Bathrooms will feature oversized tubs with tile surrounds and quartz countertops, and carpeted bedrooms will be designed to optimize natural light with walk-in closets and expansive shelving.
Emblem Summerville’s residents will have full access to a clubhouse with indoor lounge, pool deck with a sun shelf, two outdoor amenity areas with grilling stations, pet park, fitness center, 516 surface parking spaces and 45 garages available for rent.
Emblem Summerville is Quarterra’s third South Carolina community, following Cane Bay North and Cormac in Charleston.

CHARLOTTE, NC – Greystar, a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, announced the groundbreaking of its latest Birchway-branded property, Birchway Eastfield Station, a new apartment community in Charlotte, NC. The project represents the first transaction capitalized in a strategic venture between Greystar and Whitman Peterson.
Birchway by Greystar invites residents to enjoy comfort in suburban garden-style communities, providing practicality, tranquility, and convenience. Rooted in community, the Birchway brand offers the conveniences of the city without city prices.
“We are extremely proud to bring Birchway Eastfield Station to Charlotte,”Mike Sullivan, Director of Development, said. “With our focus on providing new apartments at competitive rent levels, we were able to work together with Whitman Peterson and would also like to thank both CIBC Bank USA nd Synovus Bank for their partnership in providing the senior loan in a challenging capital environment.”
Birchway Eastfield Station will offer a total of 402 apartment units comprising one-, two-, and three-bedroom layouts. Moreover, it will feature top-notch facilities like a large pool, well-equipped gym, coworking space, creative space, private work pods and a TV lounge. As part of a separate phase, Greystar will be completing earthwork for 110 townhomes. The pads will be sold to a home builder at a future date.
The community is surrounded by single-family homes to the north and east and is close to thriving industrial hubs to the south and west. Additionally, the development is conveniently located near popular shopping destinations like Northlake Mall, Shoppes at Highland Creek and the soon-to-be-opened Prosperity Village. For commuters, the community offers effortless accessibility to all parts of the city with nearby entrances to three major highways. Uptown Charlotte is a short 15 minute drive, while other areas of the city can be easily reached due to the site’s proximity to I-485 and I-77.
Adding to the appeal of this community is its immediate proximity to Clarks Creek Nature Preserve, which offers residents walking trails, a dog park, pickleball courts and a community garden. The site provides ample room for landscaping and additional amenities.
Birchway Eastfield Station’s design team included KTGY for architecture, Urban Design Partners for civil and landscape design, South Park Interiors for interior design and EM Structural and Jordan Skala for structural and MEP designs.
Pre-leasing for Birchway Eastfield Station is expected to begin in late 2025, with the community scheduled for completion in mid-to-late 2026.

NEWARK, OH – Vista Residential Partners, a national multifamily development firm, has broken ground on 15.6 acres on the corner of Northeast corner of West Main Street and Thornwood Drive in Newark, OH, for the development of Trailhead Vista, a 308-unit apartment community.
Trailhead Vista benefits from its proximity to multiple significant employment hubs. Intel’s 1,000-acre site (less than 20 minutes from Trailhead Vista) is currently under construction on a $20 billion chip fabrication plant which is projected to create 3,000 full-time Intel jobs and 7,000 construction-related jobs over the course of its build-out (initial phase scheduled completion: 2028). Additionally, Trailhead Vista is located along the Thornwood Corridor Employment Hub (“TCEH”). TCEH is comprised of five industrial parks which total over 1,600 acres (with an additional 500 acres available for industrial development), 10 million SF of existing industrial space, and over 8,500 employees.
“We are incredibly excited to start construction on this landmark development in Newark,” says Lee Novak, Chief Development Officer for Vista Residential Partners. “We’re excited to deliver the first institutional-quality development in Licking County to service the pent-up demand for high-quality apartment living.”
The community will offer a mix of one- and two-bedroom apartment homes averaging approximately 862 square feet. Designed by Columbus-based architect ArchAll, the garden-style apartments will feature an elevated living experience not currently offered in the submarket: stainless steel appliances, 9-foot ceilings, granite countertops, tile backsplashes, vinyl plank flooring, and in-unit washers and dryers. Trailhead Vista will also feature an expansive clubhouse, resort-style swimming pool, fitness center, a large central green area and a pet park. Trailhead Vista will also offer access to the TJ Evans Trail, a 14.2-mile trail connecting Newark and Johnstown.
“Alongside our institutional capital partners, Vista is excited to deliver this high-quality development in Newark, OH,” says Scott Hartley, Chief Investment Officer at Vista Residential Partners. “Trailhead Vista’s finish-quality and amenity-set will set a new standard for living in the area.”

LOS ANGELES, CA – The Richman Group of California, an innovator in multifamily development, and Richman Property Services, a national leader in multifamily management, in partnership with Brilliant Corners, a leading supportive housing developer and services provider in California, celebrated the grand opening of Las Palmas Apartments, a new supportive housing community in the Wilmington neighborhood of Los Angeles. The development is financed in part by HHH Challenge funds from the Los Angeles Housing Department and California Department of Housing and Community Development No Place Like Home funding, administered by the Los Angeles County Development Authority (LACDA) and the Los Angeles County Department of Mental Health.
Designed by award-winning architecture firm KFA, Las Palmas Apartments successfully reuses unique architectural features of the original structure — a vacant single-story grocery store — and blends them with a new four-story residential wing. The 54-unit adaptive reuse project will provide 53 units of permanent supportive housing for people who have experienced homelessness, as well as an onsite manager’s unit.
The grand opening featured a proclamation from Los Angeles County Fourth District Supervisor, Janice Hahn, who represents the Wilmington neighborhood, remarks from Carrie Esparza, Mental Health Program Manager IV for the Los Angeles County Department of Mental Health, and the presentation of a certificate by Lynn Katano, Director of the Housing Investment and Finance Division for the Los Angeles County Development Authority (LACDA). The event also provided an opportunity for attendees to tour the site and write welcome cards for new residents.
“The development of Las Palmas was an intensive, collaborative effort, and we’re so proud of the work from our team, our development partners, and municipal leaders to see this essential community to the finish line,” said Rick Westberg, Executive Vice President at The Richman Group – co-developer, co-owners and on-site property manager for Las Palmas. “The redevelopment of this site required the cooperation and support of numerous organizations, city departments and offices, but the results speak for themselves and represent an important step toward addressing the local affordable and supportive housing need.”
Las Palmas is the first development partnership between The Richman Group and Brilliant Corners.
“The opening of Las Palmas Apartments marks a significant milestone for Brilliant Corners, representing our first multifamily permanent supportive housing development in LA County,” said William F. Pickel, Chief Executive Officer at Brilliant Corners. “Through adaptive reuse projects like Las Palmas, we are utilizing the existing built environment to provide much-needed housing and supportive services to our new residents. We are immensely grateful to our partners and everyone who made this project possible.”
Located at 1355 N. Avalon Blvd., Las Palmas features fully furnished homes with a mix of 37 studio apartments, 16 one-bedroom homes and a two-bedroom manager’s unit. The property includes a central open-air courtyard, community room, bike storage room, laundry facility and resident services rooms. All utilities are included. Residents will receive onsite case management services from Brilliant Corners.
“For dozens of people who have reached the end of their ropes and find themselves living on our streets, this place is going to be that lifeline they so desperately need,” said Los Angeles County Fourth District Supervisor, Janice Hahn. “These 53 beautiful apartments and the welcoming environment that I know everyone here will provide is a far cry from where these residents are coming from. Here they’ll know they’re safe and, most importantly, cared about.”
Connectivity is uncompromised at Las Palmas. The location also puts residents in close proximity to LA DASH bus routes and other public transit options for easy access to downtown LA and the metro region.
“The LACDA is honored to be part of the team that contributed to the creation of 53 fully furnished housing units for individuals who have experienced homelessness,” said Emilio Salas, LACDA Executive Director. “Once a vacant, single-story grocery store, Las Palmas Apartments now offers beautiful housing with access to transportation to help its residents manage their everyday needs.”
“The Los Angeles County Department of Mental Health is dedicated to supporting every person’s journey of recovery and wellbeing,” said Dr. Lisa H. Wong, Director of the Los Angeles County Department of Mental Health (LACDMH). “Our investment in Las Palmas demonstrates our commitment to ensuring each individual in our care has a place they can call their own, and a community to call home while they start new chapters of their lives with renewed hope and support.”

FRESNO, TX – Ascendant Development, a luxury apartment and student housing developer, investor, and general contractor, announced the completion of Preserve at Hwy 6, a new build-to-rent (BTR) community located at 11923 Hwy 6 in Fresno, TX, near Missouri City.
“Preserve at Hwy 6 showcases Ascendant’s strategy of delivering luxury living tailored to the specific needs of the submarkets we serve,” said David Kulkarni, principal of Ascendant Development. “This development offers a single-family home experience with close proximity to premier retail and dining in Sienna Plantation and Missouri City, plus a convenient commute to the Texas Medical Center.”
The Preserve at Hwy 6 community consists of 320 one-story, detached single-family homes, designed by EDI International. Homes range from 668 to 1,255 square feet and include luxury vinyl plank flooring, energy-efficient LED lighting, granite countertops, kitchen backsplashes, undermount sinks, and stainless-steel appliances.
Community amenities feature property-wide Wi-Fi, a gourmet kitchen, detached garages, an indoor/outdoor fitness center with a yoga/spin room, a game room, a clubroom, an immersive lobby, a central park, pickleball courts, and a resort-style saltwater pool.

BERKELEY, CA – Canyon Partners Real Estate, The Martin Group, and Valiance Capital announced the formation of a joint venture to develop a new Class-A student housing community near the University of California at Berkeley campus, with construction scheduled to begin immediately and completion anticipated prior to the start of the 2026-2027 academic year. The joint venture simultaneously closed on a senior construction loan from Kennedy Wilson.
The Valiant will be an eight-story, purpose-built student housing community with 83 apartment units, 262 beds, and 1,461 square feet of retail space, designed to be amongst the best in its class within the Berkeley market. The Project is optimally located on Durant Avenue between Telegraph Avenue and Bowditch Street, one block from the main entrance to UC Berkeley’s campus. It will feature numerous curated amenities including a spacious common area study lobby, fitness center, a rooftop deck lounge with panoramic views, various gathering spaces, private study lounges, high-speed Wi-Fi, and secured bike stations.
“With its prime location, sustainable design, and experienced development team, we’re pleased to announce this exciting project in partnership with Valiance Capital and look forward to partnering with Canyon and the team at Kennedy Wilson on another student housing project,” said Stephen Siri at The Martin Group. “The Valiant will provide UC Berkeley students with much-needed housing in time for the 2026 school year, and it is well-positioned to contribute to the economic growth of local retail and dining businesses alike.”
Located in the heart of the highly desirable Southside neighborhood of Berkeley, The Valiant is walking distance to a number of local restaurants, bars, and neighborhood amenities popular among the UC Berkeley student body. The Project is also located within a 15-minute walk to the Downtown Berkeley BART station, providing connectivity to other key nodes throughout the Bay Area.
“With 15 years of local market expertise as one of the largest owner operators in the Berkeley student submarket, we are excited to build The Valiant to be the ideal student housing option in a highly specialized and high-barriers-to-entry market,” said Nhan Nguyen Leat Valiance Capital. “In partnering with a best-in-class institutional team between The Martin Group, Canyon, and Kennedy Wilson, we look forward to delivering a premier private student housing development to serve the UC Berkeley community.”
Canyon has been an active provider of debt and equity in California and continues to invest in real estate projects in primary and secondary markets across the United States. Since its inception, Canyon has invested $2.9 billion in debt and equity to capitalize $6.9 billion of total projects across all asset types in the state of California.

VENICE, FL – National multifamily developer Wood Partners expands its presence in Florida with Altera Jacaranda, bringing the only attainable, new construction development to Venice. The multifamily apartment complex will break ground next month and is expected to deliver to the community in the second quarter of 2026.
Altera Jacaranda is a 280-unit garden-style apartment community with five, four-story buildings featuring a mix of one-, two- and three-bedroom layouts. With proximity to large employment centers, top-tier medical facilities and world-famous beaches, Altera Jacaranda is strategically placed along I-75 and sits just six minutes from Venice Beach. Wood Partners is also working with local officials to improve the three-way intersection of Commerce Drive and Jacaranda Boulevard to a four-way intersection to assist with traffic flow.
“Altera Jacaranda’s prime location enhances the community by providing attainable living options right where residents need them most,” said Tyler Hurd, managing director at Wood Partners. “Our new development fosters economic growth and introduces a first-of-its-kind concept in the area. As one of the fastest growing areas in the country, we are committed to meeting the demand for attainable housing with quality multifamily solutions.”
Featuring Class-A amenities, Altera Jacaranda incorporates a cost-effective design targeting renters seeking new construction at a more attainable price. Residents can expect a resort-style pool with a tanning ledge, a sundeck with shade sail, grill areas, a package room, a fitness center, a resident clubhouse featuring a pool table and shuffleboard, coworking spaces, day offices, a hospitality kitchen and a dog park with an outdoor pet wash.
Wood Partners first brought its attainable Altera brand to Tampa, Florida earlier this year with Altera Land O’ Lakes. Wood Partners also broke ground in June on V by Alta, a luxury apartment community in Orlando. The 219-unit multifamily complex is Wood Partners’ fifth in the submarket and is set to be delivered in the first quarter of 2026. Additionally in June, Wood Partners broke ground on its third community in Longwood, Florida with Alta Trilogy.

AVENTURA, FL – Cardone Capital, led by industry titan Grant Cardone, closed an all-cash deal on The Edge at Flagler Village.The Class A, luxury 331-unit multifamily property in the heart of Downtown Fort Lauderdale was acquired through the firm s latest investment vehicle, Cardone Equity Fund 25.
The firm has assembled a portfolio of 2,000+ Class A multifamily units in the Downtown Fort Lauderdale submarket, bringing the company s total unit count to 14,000 apartments throughout the Sunbelt.
Grant Cardone, CEO of Cardone Capital, commented on the acquisition: “This acquisition presents a tremendous opportunity for our investors. We’ve secured a premium asset with immediate cash flow at a compelling price. With the Fed s recent rate cut, we expect to enjoy significant capital appreciation on this investment.”
The acquisition highlights Cardone Capital’s ability to move quickly and decisively on opportunistic deals, even as high interest rates pushed many institutional investors to the sidelines. Cardone Capital has been one of the most active multifamily buyers in 2024, closing on $500 million in all-cash acquisitions year-to-date.
“We ve been thriving through this market cycle,” Ryan Tseko, Executive Vice President at Cardone Capital, noted. “Our all-cash strategy allows our investors to capitalize on once-in-a-generation buying opportunities. The Edge acquisition is a prime example of this, and we’re excited to share it with our investors.”

CHARLOTTE, NC – Vista Residential Partners, a national multifamily development firm, has broken ground on 14 acres at 8011 Krefeld Drive Charlotte, NC, for the development of McAlpine Vista, a 320-unit apartment community.
Located in the submarket of Matthews, NC, McAlpine Vista will be comprised of 4 and 5 story residential buildings and will have direct and private access to the 6-mile long McAlpine Creek Greenway.
McAlpine Vista is conveniently located 15 minutes from Uptown Charlotte and just under 5 miles from the 5.6MM square feet of office space located in Southpark. Additionally, 20 minutes from this site is Ballantyne which boasts an additional 4.5MM square feet of office space.
“We are thrilled to start construction on our second project in North Carolina,” says Alex Barroso, Managing Director and Partner for Vista Residential Partners. “McAlpine Vista is another testament to our dedication to establishing our portfolio across the Carolinas.”
The community will offer a mix of one-, two-, and three-bedroom apartment homes averaging almost 1,010 square feet. Designed by architect EDI International, the homes will feature stainless steel appliances, 9-foot ceilings, stone countertops, vinyl plank flooring, in-unit washers and dryers, and spacious balconies. McAlpine Vista will also feature a luxury clubhouse, resort-style swimming pool, fitness center, and 24/7 package concierge. Most unique about McAlpine Vista is the direct and private access to the McAlpine Creek Greenway which extends 6 miles throughout Charlotte.
“Alongside our institutional capital partners, Vista is excited to deliver this high-quality, development in Charlotte, NC,” says Scott Hartley, Chief Investment Officer at Vista Residential Partners. “McAlpine Vista’s differentiated amenity-set will set a new standard for living in the area.”